Monolithic Power Systems and GLOBALFOUNDRIES plan to deploy MPS’s proprietary process technology at GF’s 300mm Singapore fab, expanding power-management capacity for high-growth markets by early 2027. Financial returns depend on timely rollout and customer uptake.
MPS reported record Q2 2026 revenue of $980.6 million, up 47.6% year over year; its Enterprise Data segment rose 164.3% to $380.6 million. The report says the deal would diversify MPS’s supply chain and support new platform rollouts, while multi-year volume could strengthen utilization at GF’s fab.
The report flags qualification and operational risks for MPS: delays or yield problems at GF’s Singapore facility could limit supply, while MPS inventory rose to $675.8 million in Q2 2026. GF reported negative adjusted free cash flow of $3 million for the quarter amid heavy capital spending; the article also points to smart-mobile demand as a near-term headwind.
